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Business Law 2 min read

Equity Shares

As per section 85(2) of the Companies Act, 1956, equity shares are defined as the shares, which do not have…

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Business Law 2 min read

Definitions used in Articles

“Act of incorporation” refers to an act for the incorporation of International Air Transport Association. ●      “Air service” refers to public…

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Business Law 3 min read

Meaning of Association

Purpose of an Article      The article of association contains the following details − ●      The voting powers of officers, directors and…

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Business Law 3 min read

Clauses of Memorandums

The memorandum of association contains the following clauses − The Name Clause ●      A company (being a separate legal entity) must…

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